Sales of Small Businesses Increases

Washington, DC, July 18, 2011 -- More small-business owners sold their companies in the second quarter, according to a story in the Wall Street Journal.

Sales of businesses with roughly $350,000 in annual revenue rose 8% from a year earlier, reports BizBuySell.com, an online marketplace for small-business acquisitions.

The increase marks the third year-over-year quarterly gain in a row, with brokers nationwide reporting similar gains.

The main driving force, the Journal said, is the acceptance among owners that their businesses are no longer worth what they once were.

Many owners have had to offer financing to close deals.